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Updated over 3 years ago,
Buy and Hold Investors: Come one, come all!
Hey Investor Family!
Theses days I'm becoming more realistic with my goal setting. I'm getting rid of the audacious goals that I fail to meet in the short time frame that I set for them. In order to make more realistic obtainable goals, I need to take real data (or in this case real life experiences) and use that to formulate my own timeline.
I'm looking to get 35 properties/units in the next 5 years that are cash flowing $300/door.
My long term goal is to to obtain 2800 units that are bringing in $10 million/year. I'm thinking I can do this in the next 10 years.
Buy & Hold Investors:
1. In your experience how many doors were you able to add to your portfolio on average each year?
2. Are you investing locally or out of state?
3. Do you have properties in more than one state?
Creative Buy & Hold Investors (this would be all of you who do lease options, seller financing, wraps, subject tos, etc):
1.Do you find that you have to continously build your portfolio due to payoffs by the end buyer?
2. Do you find that going the creative route creates more opportunity for wealth building?
Thanks in advance for the feedback! Any advice would be appreciated! Tell me when you started and where you are now! Give me the details!